That’s hard to say, but let’s discuss the charts and news.
Prior to the official merger in March of 2024, DJT traded as a Special Purpose Acquisition Company (SPAC).
Reporting is all over the place. Most charts do not show a $175 high.
| Date/Event | Closing Price | Intraday High | Volume (Millions) | Notes |
|---|---|---|---|---|
| Oct 20, 2021 (Merger Announcement) | $94.46 | ~$100+ | 124M | Initial Short Squeeze stock jumped 700% from IPO levels ($10). |
| Oct 25, 2021 (Peak Frenzy) | $83.86 | $121.80–$175 | 150M+ | Highest intraday Citation $175. Some peg $121.80 or much lower. |
| Nov 2021 (Pullback) | $36.69 (low) | Varies | Varies | Regulatory scrutiny begins. |
| Mar 4, 2022 (Closing ATH) | $97.54 | ~$101.87 | 45M | Widely accepted closing peak |
| Mar 25, 2024 (Merger Close) | $53.75 (final DWAC close) | $58.69 (52-week high) | N/A | DWAC shares converted 1:1 to DJT |
The above table is from Grok.
Google AI Synopsis
DWAC’s historical price data shows significant volatility, with a 52-week low of approximately $12.40 and a high of $58.72. The price had an all-time high of $97.54 on March 4, 2022, and a low of $9.92 on October 4, 2021. Recent data from March 2024 shows a price range from the high $30s to the $50s, while data from late 2025 shows a price around $10.29.
The stock was highly volatile in 2021, with one period showing an 845% rally in two days followed by a significant drop.
What’s the Decline from the High?
The closing high of DWAC is $97.54. It’s down 88.2 percent since then. The intraday high on DWAC varies by source. It’s down 93.3 percent if one uses 175 as the high.
The intraday high as DJT was appropriately on the first day of trading at $79.38. It’s down 85 percent since then.
DWAC’s 2021 run-up was a classic SPAC/meme bubble, with prices detached from fundamentals.
DJT Earnings History
- The company behind the DJT ticker, Trump Media & Technology Group, is not profitable. For the full year 2024, it reported a significant net loss of over $400 million and its revenue declined. The company operates at a loss, with negative margins and returns.
- Net Loss: The company’s net loss widened to $400.9 million in 2024 from $58.2 million in 2023.
- Revenue: Revenue declined 12% year-over-year to $3.6 million in 2024.
- Earnings per Share (EPS): The loss per share was $2.36 for 2024.
- Profitability: The company is not profitable and continues to operate at a loss.
- Trump Media & Technology Group released Q2 2025 earnings on August 1, 2025, reporting an EPS of -$0.08. Quarterly revenue was reported to be $0.88 million. Trump Media & Technology Group currently has a trailing EPS of -$0.59
DJT Latest Announcement
Via GlobalNewsWire: Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (“Trump Media” or the “Company”), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, is announcing financial results for the fiscal quarter ending on September 30, 2025, and is filing its Form 10-Q with the Securities and Exchange Commission (the “SEC”) today.
Trump Media is earning significant income from its unique bitcoin strategy. The Company generated $15.3 million of realized income during the third quarter from option premiums associated with its bitcoin related securities as well as $13.4 million of interest income from other financial holdings. This resulted in $61.1 million in combined realized income from both sources year to date through September 30, 2025.
Altogether, the Company posted $10.1 million of operating cash flow during the third quarter, resulting in its second consecutive quarter of positive operating cash flow as well as positive operating cash flow for the nine months ended September 30, 2025.
In the third quarter, Trump Media advanced its expansion plans across numerous sectors. Leveraging its brand, the Company formed a strategic partnership with Crypto.com to invest in Cronos (CRO), a high performance, interoperable blockchain designed for speed, scalability, and seamless connectivity between networks. Trump Media views CRO as a highly innovative asset that will gain widespread adoption as a versatile utility token and a superior medium for secure, instant payments and transfers, and the Company positioned itself as both an early adopter and investor in this unique token.
During the third quarter, Trump Media also substantially upgraded both its flagship products, Truth Social and Truth+. Thanks to the interoperability of the two apps, Trump Media has created a truly one-of-a-kind platform—a combined social media site and TV streaming service offering 24-hour livestreaming of top TV networks such as Real America’s Voice, Newsmax, One America News, Curiosity, Great American Family, and many others. All this is delivered to users via Trump Media’s ultra-fast, reliable, multi-site, proprietary content delivery network to defend against cancellation attempts by Big Tech. Moreover, this unique ecosphere will soon get another major upgrade with the addition of Truth Predict, making Truth Social the first social media platform to offer its users technology to access embedded prediction markets capabilities through an exclusive arrangement with Crypto.com | Derivatives North America (CDNA).
Aside from its $3.1 billion in financial assets, Trump Media reported a $54.8 million net loss in the third quarter, including $54.1 million in non-cash losses from changes in the fair value of digital assets, non-cash interest expenses, non-cash stock-based compensation, unrealized losses on trading securities and unexpired option contracts, and depreciation and amortization. The Company’s results continue to be affected by elevated legal expenses—$20.3 million in the third quarter—primarily related to the Company’s 2024 merger with a special purpose acquisition company (“SPAC”). One of the longest SPAC deals in history, the merger resulted in substantial legal costs, including those incurred for attempts to recoup costs for merger-related damages. The Company believes a positive resolution of these litigation matters, which it is working to achieve, could significantly impact its future financial results. Trump Media notched several significant legal victories during the third quarter, including the Delaware Court of Chancery’s dismissal of all eight claims—six with prejudice—brought by United Atlantic Ventures, LLC. Trump Media intends to hold accountable those who harmed the company to the fullest extent of the law.
DJT Quarterly Loss Widens
GlobalNewsWire was a fluff announcement. Let’s look at how Reuters describes the third-quarter results.
Please consider Trump Media’s Quarterly Loss Widens as Costs Soar
Trump Media & Technology Group (DJT), reported a bigger third-quarter loss and a decline in revenue on Friday, squeezed by a surge in expenses, highlighting the Truth Social parent’s steep financial hurdles. Shares of the company, a volatile favorite of retail investors, fell more than 3% in morning trading.
Trump Media, which has consistently posted losses since its inception, faces the challenge of converting the high-profile presence of President Donald Trump on its Truth Social platform into a viable revenue stream. The company’s revenue is primarily generated from advertising on the platform.
The company reported total revenue $972,900 for the third quarter ended September, down 3.8% from a year earlier.
In August, Trump Media and Crypto.com agreed to a deal with a blank-check acquisition company to launch a new venture that would pursue a treasury-style strategy to accumulate the cryptocurrency platform’s native token CRO, deepening Trump’s ties to the crypto industry. [Hooray! more coin speculation via a new blank-check acquisition company.]
Trump Media reported a net loss of $54.8 million, wider than the $19.2 million reported in the same period last year. It saw $20.3 million in legal expenses in the quarter.
Unlike most publicly traded social media companies, Trump Media does not regularly disclose key performance indicators such as monthly or daily active users. The company is led by CEO Devin Nunes, a former Republican congressman.
User Metrics Comparison
| Metric | Truth Social (DJT) | X (formerly Twitter) |
|---|---|---|
| Monthly Active Users (Global/Estimated) | ~6.3 million (as of early 2025) | ~600 million (estimated) |
| Monthly Active Users (U.S.) | ~650,000 to 1 million (late 2024 estimates) | ~70 million (late 2024 estimates) |
| Daily Active Users (U.S.) | ~355,000 (November 2024) | ~131.9 million (May 2025) |
| User Engagement | Users spend fewer minutes per day on the app and check it less frequently than other platforms. | Users average nearly 28 minutes per day scrolling. |
The above table from Google AI.
Key Point: Truth Social has ~1/100th the users of X and they are much less engaged.
Daily active users on Truth Social is ~355,000 vs ~131.9 million on X.
Daily Active Math: 355,000 / 131.9 million = 0.0026914329. That’s only ~0.27 percent, and much worse than active users.
Truth Social is failing on users. Is that why it announced more coin speculation?
Trump’s Ownership of DJT
Donald Trump owns 114,750,000 shares of DJT stock, which represents approximately 53% of the company’s outstanding shares, through a revocable trust. He transferred his entire stake to this trust, with his son, Donald Trump Jr., as the sole trustee who has sole voting and investment power.
Donald Trump became legally eligible to sell his shares in Trump Media & Technology Group (DJT) in September 2024, after the expiration of a post-merger “lock-up” period.
But Trump has not sold any of his shares. He could have easily unloaded some shares in October-November between $40 and $50.
Melania Meme Coin
As with DJT, the all-time his is in dispute. Google AI reports “The MELANIA all time high price was $13.05. MELANIA reached this all time high on January 20, 2025, which was 10 months ago.”
Coinbase says “The all-time high of Melania Meme is $5.44.”
I will accept the Coinbase answer. That means the decline from the top is 97.6 percent.
Meme Coins Year-to-Date
Digital “meme coins” named for Trump and first lady Melania Trump are down 86% and 99% since inauguration day, respectively, as noted by the Wall Street Journal.
Year-to-date they are down 78.2 percent and 96.5 percent, respectively. Both are fundamentally worthless. I suspect they will hit zero.
DJT trades at 1,240 times its annual revenues, according to FactSet.
Trump had a publicly traded company that had Atlantic City casinos as its primary assets. The company went bankrupt. This is a Trump operating plan, get financing from the public at zero interest and return none of the money. All probably legal, but also very shady. I would never enter any kind of business relationship with any Trump family member; they can’t be trusted in my opinion.
All meme coins are zeroes.
“Mr. President, we here at XYZ Defense are very interested in that $50 billion per year contract to manufacture drones. We just wish Don Jr would release $2 billion more in meme coins, they’re just so valuable and we really feel positive about their upside!”
If ever there were an indicator of Trumps popularity, these meme coins and DJT stock are perfect examples.
Trump and his sycophants fleeced the TWS cult (again)…
Who does Trump work for?
Israel.
I thought about shorting it and now regret not doing it.
These useless and valueless enterprises should be shut down immediately and the persons spinning their wheels on them should address their efforts towards something that actually has some productive economic value. This would then allow DJT and Melania to liquidate their substantial holdings at the true economic value of $0.00 per unit or less.
Year-to-date they are down 78.2 percent and 96.5 percent, respectively. Both are fundamentally worthless. I suspect they will hit zero.
True. Not even one year yet and will not survive till the end of his 4 year term.
So Trump has lost $8 billion plus of the value of his personal shares since the high? He’s only got a billion plus some change left. Good. He should have to share the pain with his foolish investors, most of whom I suspect were billionaire foreigners trying to buy influence.
Over the next 5 trading days, DJT should eclipse its all time low. Hoover was elected President in 1928 with 444 electoral votes to Al Smith’s 81 and near the end of a 1807 36/90 year :: x/2.5x credit cycle. Trump was elected in 2024 near the end of a interpolated 13/33 year :: x/2.5x credit cycle. Hoover was highly intelligent, a very good businessman, an institutionalist, and an ethical fellow. Whoever won the 2024 election was going to be the recipient of a power law distribution major equity, crypto, gold, commodity market crash. The asset-debt macroeconomic system is elegant in its maximum valuation growth and in its peak to decay nadir decay simplicity. On 29 Oct 2025 the global equity market reached it’s maximum intraday growth valuation for the 13/33 year cycle. On Thursday 27 Nov 2025 the equity market reached a point of self-organized criticality.
I can’t specifically pinpoint what your fractals indicate but using other reasoning, I grabbed some VIX calls on the Thurs/Fri volatility plunge. Strikes from 20 to 28 and expiry between Jan and July. I’m in and out of these things pretty regularly, so according to your missive, my timing might be good!
My rationale is the Venezualian incursion potential to backfire and become a proxy war with drones supplied by Russia and China attacking our oil infrastructure similar to Ukraine Russia.
Bullies like Trump have a way if uniting forces against themselves and however unlikely it was for China and Russia to become bedfellows, it has happened…
Hard to image a stock I’m more convinced the ownership couldn’t care less what happens to it.
Its almost comical to report on their numbers. They don’t care, we don’t care, investors for the most part don’t care. ‘Just do up brrr’.
The existence of these kinds of stocks is what’s wrong with ‘capitalism’. This isn’t that.
A 29 (get it?) cent Jack Benny postage stamp is still valid.
It was 39.
If this is true and comes to pass, taco and his “cohorts” are probably short.
I don’t know why this is news. These cryptos have served their purpose – grifting billions.
I guess it is a slow news day….lol.
As I stated earlier, Lyn Alden, had a great piece on bitcoin being a great barometer of global liquidity but I will take it a step further. I think the plunging of digital currencies is indicative of a deteriorating labor market and economy. People that lost their jobs can no longer spend a few bucks buying digital currencies. Those that have been unemployed a while now need to liquidate their holdings to get cash to pay the bills.
The same thing will happen to stocks as unemployed people aren’t contributing to 401ks which in turn invest in stocks but because this money is in restricted tax penalty accounts, they’ll be the last to drop. Those that have been unemployed a while will need to liquidate their 401k after they’ve exhausted everything else.
So the order of desperation operations:
1. People burn thru their unemployment
2. Digital currencies get liquidated (you are here now)
3. 401k’s get liquidated
4. Home gets foreclosed
Of course, it’s a continuous cycle and different groups of people are in different stages at any given time but it’s safe to say under Trump’s economy more and more people will start the cycle.
Lots of ways to profit off of this cycle and I’m well positioned to pick up a few bucks.
I would suggest that the number of people who can do steps 3 and 4 aren’t that many. In other words many people will stop at step 2 because they have no more assets. For those people step 3 is probably car gets repo’d.
Foreclosures are already surging, up 20% in November. I’ll save link to this post and we’ll check in next year.
https://www.youtube.com/watch?v=WVfWrObOyRc
I “burned through my health” working too hard for decades and moved to step 3 but on a controlled descent. (Didn’t collect SSDI. A claim probably wouldn’t be recognized.)
My glide model told me I will meet earth in 40 years. But recent USD devaluation so clouded my instruments that I fear a rogue mountain in my flight path.
$Melania meme coin is the meme coin that won’t die. It’s been stuck around the 12 cent mark for months. Its delisting keeps on getting postponed, but it’s inevitable.
This has penny stock “pump and dump” written all over it. I wonder who is dumping their position.
Meme coins are for one thing only – to launder money to the Trumps at the onset knowing it will go to zero. At that time, Trumps don’t care.
Wonder how much the cult has lost? Is there anyone else that would have invested in them? Maybe a subject for Mish, on another slow news day….
Frankly, wealthy donors and corporations are the ones in early to buy to get the Trumps their money, and MAGA buy in the secondary market to lose everything.
Yes, that makes sense….sad, but it makes sense.
It is hard not to see this as a metaphor for the entire Trump Administration.
Does the fate of the US economy now hinge on one company?https://www.vox.com/podcasts/470729/ai-economy-nvidia-bubble-data-centers-stock-market
Next time try elaborating a little bit on the facts instead of just throwing people to some URL. You sound like a wannabe news website.
Yeah, I see your POV but also another POV.
At least the URL encodes a headline in human-readable format. I hate it when the URL tells us nothing or when people post a “tinyurl” with no comment.
Just like that phone they took money for, never delivered, and refuse to refund.
Piggies love be getting ripped off to pwn the libs!
What earnings history? DJT isn’t a share in the ownership of Trump Media and Technology. It’s just another greater fool crypto scam and method of channeling bribe money to der Fuhrer. What do the charts show? They show the psychology of the fools and the momentary needs of the influence peddlers. As long as the supply of fools and influence peddlers doesn’t peter out DJT will remain above zero.
I’m putting my DJTs right there next to my Iraqi Dinars, Trump NFTs, golden sneakers and my Trump Bible.
And don’t forget the TACO phone….lol.
There is no question those assets have been in a downtrend. The best e-wave for DJT I can come up with is a corrective double zigzag. A huge triangle (March 2023 – May 2025) separates the two zigzags. The second zigzag looks complete, but it took such little time with respect to the first zigzag that there may be a counter trend rally before a final downside move.
There isn’t much chart for long term cycle analysis. The longest is one nearly complete 4-year cycle made of two smaller 2-year cycles. The first 2-year cycle ran between March 2022 and April 2024. The second 2 year cycle may have bottomed this month. That leave a rally into the expected March 2026 highs.
I think there is upside for a quick trade into the expected March 2026 highs, but it is risky.
The meme coins are pure grift, but I don’t think they constitute corruption or a Ponzi scheme. Trump is simply preying on the stupidity of his MAGA base; and sooner or later they will get the joke.
They will never get the joke. They will go to their graves believing the DJT turnaround is just around the corner.
And blaming the failure on anybody else they can think of.
Obviously it’s a Biden thing.
I guess trump can just blame it on Putin for refusing to accept Trump’s peace deal. He can also blame Putin for Trump not getting his Nobel peace prize.
Did any Trump supporters here buy some of these tokens? I might disagree with their support for trump and even sometimes hurl insults at them. (Sigh…I’m sorry. I should behave better.). But I doubt any Trumpers here wasted their money on this. …. Any regulars want to confess otherwise? If you bought, why?
Why would a conduit for bribery go to zero?
Perhaps the price will spike periodically.
Buy low, sell lower
Wait…You’ve been reading my book??
😉
IMO, ALL the meme coins are worth zero (vs BTC, ETH, Ripple, ADA), so they really aren’t going anywhere price wise! 😜
I sure as hell hope so. We can all agree that this meme coin stuff is TACO profiteering from the presidency. Among several other things, it’s gives him a big ole black eye.
Doesn’t matter. Piggies love their daddy unconditionally.
Squeal for me piggie!
yippie kay yay MF
How’s that for not squealing? And can you not read? I’m pretty sure my post was very negative towards your boy, TACO.
you’re just trying to look like a reasonable human being because you think it will help you rope reasonable human beings into your moronic delusion.
Pig stench don’t wash off that easy.
Dude, I am completely sincere when I say that I am looking forward to Trump’s march off into the sunset politically speaking. Both sides need much better leadership.
– Are Trump’s DJT and the Melania Meme Coin Headed to Zero?
> Who cares?
>> Like DOGE & Shiba before it, there dogs…
Ed Seykota’s views on losers focus heavily on the psychological aspects of trading, encapsulated by his famous quote: “Everybody gets what they want out of the market“. He suggests that traders who consistently lose money subconsciously want to lose, perhaps seeking safety, punishment, or the excitement of failure
That may work for losers, to help explain their sorrow away. I strongly suggest for Winners & Want To Be Winners, “WANTING TO WIN” Cold Hard Cash! is the highly predominant feeling amongst those Folks.
i grew up at racetracks as a teenager. many men love to lose. it’s a whole opera.
I get that, as a card carrying member of the same, but into early adult hood even… was always chasing the Win, and while I agree (doing the same thing…) it was silly stupid looking back, and why I changed to tossing my spare change into Assets, Homes, and the like. Been a much better ride, and intellectually much more rewarding.
i went to wall street. and been renovating 100 to 200 year old houses, to rent out for decades. i grew up riding horses with a few people that became jockeys at aqueduct and belmont. fun times and great training on the art of losing. now i take ed seykota’s advice for decades. learn to lose. more losers than winners. makes trading currency and stocks and bonds……..easy.
– been renovating 100 to 200 year old houses, to rent out for decades.
> Good for You! My Wife grew up in an 1835 home (registered), her Dad was constantly working on. Lots of money renovating them to history.
– I grew up riding horses with a few people that became jockeys at aqueduct and belmont.
> Must have been a Wild Experience! I was unfortunately on the betting/losing side of things. Got tips that did pay out, but only once in awhile. Grew out of it quickly as I aged, thankfully.
i just rode for fun as a young fella. we went to the tracks to try and win and, lost mostly. one of our jockey pals would feed us what they thought was inside information. great memories of teens and early 20s around those beasts that run.
You must have had some very special viewings in your day! I loved being as close to the track, as a paying customer can get anyway, so I could close my eyes and hear them. It was great for a neck and neck and even more so if mine was one of them…
Their complete lack of intelligence generally thwarts their ambitions, unless they’re born to an affluent sow.
Pedigree seems to certainly count, based upon the prices of such, and performance in many examples.
seems like a great reflection of the trump crime family reflected in this wonderful grift. the MAGA cult that lost money, actually won by losing. as the greatest stock trader of our generation ed seykota says, paraphrasing….. “losers win by losing, everyone gets out of the markets, just like life, what they want”.
They have a burning passion to see everyone lose like them.
perhaps you have the secret sauce. did not ponder that twist before. thanks for giving me something to ponder. i suspect you are correct.